re: Ann: Mutiny Secures Project Loan and Hedg... Some good posts in the last day or two.
The Downside
1) Printing money for Italy or whoever is certainly not a foregone conclusion. The Germans hate printing money and France, the most exposed to Italian debt, can see the writing on the wall and talk of austerity measures.
2) There is a just as big a risk of deflation as there is of inflation.
3) Small cap Gold stocks might (have so far) be forgotten as markets collapse.
4) There is no crystal ball. The rules we had last year no longer apply. It's mayhem awakening
The Upside
1) JG forecasts a market cap similar to IGR in 6 - 8 months time. That's $400 mill. So either IGR's share price falls from 52c to 7c, or MYG starts to rise
2) This isn't skulk in the dark finance. It's Credite Suisse, a major player. If you were considering a bigger stake in MYG, this would add a big tick in MYG's approval rating.
3) Bad markets don't last for ever. One day, one month, one year, somebody is going to understand the story and buy. Until then, we wait and buy a little more ourselves if we feel strong.
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